Pre-Open Stock Movers 06/02: (MGI) (WU) (SWBI) Higher; (PUMP) (INVH) (GH) Lower (more...)

Today's Pre-Open Stock Movers:

MoneyGram (NASDAQ: MGI) 43.6% HIGHER; Western Union (NYSE: WU) is seeking to acquire MoneyGram (NASDAQ: MGI) and recently made a takeover offer, according to Bloomberg, citing a person familiar with the matter.

Western Union (NYSE: WU) 15% HIGHER; is seeking to acquire MoneyGram (NASDAQ: MGI) and recently made a takeover offer, according to Bloomberg, citing a person familiar with the matter.

Smith & Wesson Brands (NASDAQ: SWBI) 10.2% HIGHER; Gun stocks gain again amid continued violent riots and looting across the country and NICS background checks showing a surge of 75% in May.

RH (NYSE: RH) 9.6% HIGHER; released a copy of Chairman & CEO Gary Friedmans Annual Letter to Shareholders

ProPetro Holding (NYSE: PUMP) 9% LOWER; reported Q1 EPS of ($0.08), may not compare the analyst estimate of $0.20. Revenue for the quarter came in at $395.1 million versus the consensus estimate of $390.56 million.

Tellurian (NASDAQ: TELL) 6.6% LOWER; Stifel downgraded from Hold to Sell with a price target of $0.10 (from $8.00).

Guardant Health, Inc. (Nasdaq: GH) 5.6% LOWER; announced the pricing of an underwritten public offering of 11,500,000 shares of its common stock at a public offering price of $84.00 per share, before deducting underwriting discounts and commissions (3,750,000 of which are being sold by Guardant Health and 7,750,000 are being sold by SoftBank Investment Advisers).

Slack Technologies Inc. (NYSE: WORK) 4.9% HIGHER; Cowen initiates coverage with an Outperform rating and a price target of $45.00.

Sturm Ruger (NYSE: RGR) 3.4% HIGHER; Gun stocks gain again amid continued violent riots and looting across the country and NICS background checks showing a surge of 75% in May.

Invitation Homes Inc. (NYSE: INVH) 3% LOWER; announced today that it has commenced an offering of 14,500,000 shares of Invitation Homes common stock. Invitation Homes intends to grant the underwriters a 30-day option to purchase up to an additional 2,175,000 shares of common stock.

Kaleido Biosciences, Inc. (Nasdaq: KLDO) 2.9% HIGHER; announced that it intends to sell, subject to market and other conditions, $30 million of shares of its common stock in an underwritten public offering. Kaleido also intends to grant the underwriters a 30-day option to purchase an additional $4.5 million of shares of its common stock offered in the public offering.

Exagen (NASDAQ: XGN) 2.6% HIGHER; Cantor Fitzgerald assumes coverage with a Overweight rating and a price target of $20.00 (from $19.00).

Intellia Therapeutics, Inc. (NASDAQ: NTLA) 1.3% LOWER; commenced an underwritten public offering of $75 million of shares of its common stock. Intellia also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering. All of the shares in the proposed offering are to be sold by Intellia.

QTS Realty Trust, Inc. (NYSE: QTS) 1% LOWER; today announced the commencement of an underwritten public offering of 4,000,000 shares of its Class A common stock, all of which will be offered, at the request of the Company, by the forward purchasers or their affiliates in connection with the forward sale agreements.

OraSure Technologies, Inc. (NASDAQ: OSUR) 1% LOWER; announced it has commenced an underwritten public offering of 8,000,000 shares of its common stock. J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Evercore Group L.L.C. are acting as joint book running managers of the offering and as representatives of the underwriters. UBS Investment Bank and Raymond James & Associates, Inc. are acting as co-managers. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock offered in the public offering.

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